Worst recession ever. Banks not lending money. Ireland is all sorts of fucked. Nobody is spending a penny. Stealth redundancies en masse. House prices are plummeting.
And with it…
Office space is dirt cheap.
Every price can be negotiated.
Deals are much easier to do if you are someone with cash.
There are oceans of talented graduates looking for work and who’ll work damned hard to retain their position.
Colleges are throwing interns at companies.
People have more free time (unfortunately for some) to beta test your products or services.
The media want good news stories.
It’s cheaper to fail now.
Some great companies started in a recession, Google wasn’t one.